As Ross Stores (ROST) Share Value Declined, Wedgewood Partners Boosted Stake; Thomas Story & Son Lifted Apple (AAPL) Position by $435,050; Share Price Rose

February 23, 2018 - By Adrian Erickson

Thomas Story & Son Llc increased its stake in Apple Inc (AAPL) by 100% based on its latest 2017Q3 regulatory filing with the SEC. Thomas Story & Son Llc bought 2,825 shares as the company’s stock rose 12.78% with the market. The institutional investor held 5,650 shares of the computer manufacturing company at the end of 2017Q3, valued at $871,000, up from 2,825 at the end of the previous reported quarter. Thomas Story & Son Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $886.38B market cap company. The stock increased 1.27% or $2.19 during the last trading session, reaching $174.69. About 14.06M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 23, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Wedgewood Partners Inc increased its stake in Ross Stores (ROST) by 6.53% based on its latest 2017Q3 regulatory filing with the SEC. Wedgewood Partners Inc bought 124,484 shares as the company’s stock declined 9.26% while stock markets rallied. The institutional investor held 2.03M shares of the consumer services company at the end of 2017Q3, valued at $131.10M, up from 1.91 million at the end of the previous reported quarter. Wedgewood Partners Inc who had been investing in Ross Stores for a number of months, seems to be bullish on the $29.56 billion market cap company. The stock decreased 1.45% or $1.14 during the last trading session, reaching $77.36. About 905,297 shares traded. Ross Stores, Inc. (NASDAQ:ROST) has risen 12.03% since February 23, 2017 and is uptrending. It has underperformed by 4.67% the S&P500.

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.04, from 1 in 2017Q2. It is positive, as 58 investors sold ROST shares while 200 reduced holdings. 72 funds opened positions while 196 raised stakes. 339.45 million shares or 0.11% less from 339.81 million shares in 2017Q2 were reported. Silvercrest Asset Mngmt Grp Incorporated Ltd Liability accumulated 0.56% or 865,605 shares. Natl Bank Of Hawaii owns 19,240 shares. Moreover, Laurion Capital Management Lp has 0.02% invested in Ross Stores, Inc. (NASDAQ:ROST). Apg Asset Nv has invested 0.06% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Td Asset Mgmt has 0.05% invested in Ross Stores, Inc. (NASDAQ:ROST) for 563,495 shares. Adage Cap Prns Grp Inc Limited Liability Corporation owns 548,677 shares for 0.09% of their portfolio. Cim Lc accumulated 6,859 shares. Mu Invests Ltd accumulated 67,100 shares. Prelude Capital Management Limited Liability Co accumulated 0.04% or 6,039 shares. Tnb Fincl has invested 0.04% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Destination Wealth Mngmt has invested 0.47% of its portfolio in Ross Stores, Inc. (NASDAQ:ROST). Atlanta L L C invested in 679,950 shares or 0.25% of the stock. 26,755 were accumulated by Joel Isaacson & Limited Liability Company. Financial Bank Of Nova Scotia Tru Com reported 1,051 shares. Veritable Limited Partnership invested in 15,597 shares or 0.02% of the stock.

Wedgewood Partners Inc, which manages about $5.30 billion and $2.93 billion US Long portfolio, decreased its stake in Alphabet Inc. Cl A by 21,698 shares to 192,996 shares, valued at $187.92 million in 2017Q3, according to the filing. It also reduced its holding in Cognizant Technology Solutions (NASDAQ:CTSH) by 316,200 shares in the quarter, leaving it with 1.37 million shares, and cut its stake in Alphabet Inc. Cl C.

Among 27 analysts covering Ross Stores Inc. (NASDAQ:ROST), 17 have Buy rating, 1 Sell and 9 Hold. Therefore 63% are positive. Ross Stores Inc. had 70 analyst reports since August 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of ROST in report on Friday, November 17 with “Hold” rating. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Hold” rating given on Monday, July 24 by RBC Capital Markets. The company was maintained on Monday, October 30 by RBC Capital Markets. M Partners upgraded the shares of ROST in report on Wednesday, March 2 to “Buy” rating. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Positive” rating by Susquehanna on Friday, February 10. Citigroup downgraded Ross Stores, Inc. (NASDAQ:ROST) on Wednesday, March 1 to “Neutral” rating. RBC Capital Markets maintained Ross Stores, Inc. (NASDAQ:ROST) on Thursday, August 17 with “Hold” rating. The stock of Ross Stores, Inc. (NASDAQ:ROST) has “Hold” rating given on Sunday, September 10 by BMO Capital Markets. The stock of Ross Stores, Inc. (NASDAQ:ROST) earned “Buy” rating by Citigroup on Wednesday, October 7. As per Monday, September 18, the company rating was maintained by RBC Capital Markets.

Since September 12, 2017, it had 0 insider buys, and 2 sales for $1.35 million activity. RENTLER BARBARA had sold 15,492 shares worth $945,012 on Tuesday, September 12.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. California-based Gould Asset Management Lc Ca has invested 0.48% in Apple Inc. (NASDAQ:AAPL). Sit Assoc holds 435,740 shares. Gillespie Robinson And Grimm accumulated 4.09% or 199,104 shares. Reik Ltd Liability Corp holds 0.25% or 4,771 shares. Azimuth Llc owns 157,313 shares for 1.81% of their portfolio. Eagle Asset Inc reported 658,305 shares. Saybrook Capital Nc invested 4.35% of its portfolio in Apple Inc. (NASDAQ:AAPL). Invsts Asset Mgmt Of Georgia Inc Ga Adv, a Georgia-based fund reported 2,498 shares. Hancock Holdings Com has 4,559 shares. Sterling Cap Mgmt Ltd invested in 0.33% or 224,095 shares. Ironwood Invest Counsel Limited Com invested in 38,305 shares or 2.39% of the stock. Sta Wealth Mgmt Ltd Co holds 6,125 shares. Kames Capital Public Limited Liability Co invested in 214,585 shares or 0.91% of the stock. Bridges Counsel owns 3.49% invested in Apple Inc. (NASDAQ:AAPL) for 40,677 shares. Mraz Amerine Inc has invested 0.45% in Apple Inc. (NASDAQ:AAPL).

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